Ubique Minerals Limited announced a non-brokered private placement of up to 20,000,000 units at a price of CAD 0.15 per unit for gross proceeds of up to CAD 3,000,000 on August 11, 2022. The transaction will include participation from insiders of the company. Each unit will consist of one common share of the company and one common share purchase warrant to purchase one additional common share of the company at a price of CAD 0.20 per share for period of twenty-four months from the closing date.

The company may close the offering in multiple tranches. Any securities to be issued under the transaction will be subject to a hold period of four months and a day from the closing date of the transaction in accordance with applicable Canadian securities laws and such other further restrictions as may apply under foreign securities laws. The terms of the transaction are subject to approval by the Canadian Stock Exchange.